FHA HAS RAISED THE ROOF ON FORECLOSED AND SHORT SALE SELLERS!

I am very happy to be one of the first to announce the new FHA loan guidelines! 

Borrowers with a prior bankruptcy, foreclosure, deed-in-lieu, or short sale may be eligible for an FHA insured loan if the bankruptcy, foreclosure, deed-in-lieu, short sale was the result of a documented extenuating circumstance. 

Borrowers may also be eligible for an FHA insured loan on a purchase transaction after 12 months from the completion, discharge, trustee's sale if the borrower meets the requirements for extenuating circumstances.

With current minimum FICO score requirements of 580, an a lender's ability to manually underwrite FHA loans, these FHA enhancements allow us to fulfill one of FHA’s major goals:  To help borrowers who previously had great credit histories but were recently affected by the rescission and lost their previous home or filed bankruptcy now be able to live the American Dream and buy a new home.

CALL OR INBOX ME IF YOU NEED MORE INFO ;-)